U.S. Employers Add A Solid 372,000 Jobs In June
Newsy
Weekly jobless claims spiked to the highest figure in nearly six months, but there are roughly two posted job openings for every unemployed worker.
America's employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases.
The unemployment rate remained at 3.6% for a fourth straight month, the government said Friday, matching a near-50-year low that was reached before the pandemic struck in early 2020.
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